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Economic Times | 26 May, 2023 | 11:32AM IST
Indian Economy Live: India's economy to surpass 7 per cent growth in FY 23, says SBI research report
Indian Economy Live: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India.
State Bank of India's research report, Ecowrap released on Friday said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
This is in line with the advance estimates released by the National Statistical Office (NSO) in January that pegged growth for the year ended March 31, 2023, at 7 per cent.
India is expected to continue its showdown in pursuing a different pathway of zeroing in on drivers of growth, looking for a renewed surge in resilient manufacturing while supporting services sector to embrace enhanced efficiency, the report said.
State Bank of India's research report, Ecowrap released on Friday said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
This is in line with the advance estimates released by the National Statistical Office (NSO) in January that pegged growth for the year ended March 31, 2023, at 7 per cent.
India is expected to continue its showdown in pursuing a different pathway of zeroing in on drivers of growth, looking for a renewed surge in resilient manufacturing while supporting services sector to embrace enhanced efficiency, the report said.
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SBI research report
India is expected to continue its showdown in pursuing a different pathway of zeroing in on drivers of growth, looking for a renewed surge in resilient manufacturing while supporting services sector to embrace enhanced efficiency, the report said.
SBI research report
India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent
SBI research report
The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India
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